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I;m trying to plot the OBV indicator on top of price so they are in
the same window but I'm having problems.
Here's what I tried:
x=Close;
y=OBV();
Plot(x,"Close",colorTeal,1);
Plot(y,"OBV",colorYellow,1);
That didn't work as I kept getting an error that said "plot". Then
I tried copying the OBV indicator into the y= part and all that did
was bring up the price but it was delayed by a day, so there were
two lines one was actual price and the second was showing price but
always a day behind. I'm assuming this can be done b/c it seems
like you can do whatever you want on this package.
Also, has anyone ever experimented with an OBV scan? I have never
seen a scan, or very few anyways, that pertain to OBV. I'm looking
at something where OBV increases by a certain percentage but price
remains flat. I suspect this may be tough because some stocks have
such high degrees of varying OBV readings. A heavily traded stock
like SUNW may produce entirely different results than thinly traded
stocks that do 150K per day tops. But what I'm trying to achieve
with this scan is finding stocks that are quietly being accumulated,
hence the increasing OBV and flat price. In theory anyways, this is
setting the stage for a big pop in price in the short to near term.
Seeing as how my last programming experienmce came thru setting up a
program that would show 4 flashing green blocks on a Ti99-4a pc, it
will be a long time before I can create this. Was just wondering if
anyone out there may have experiemented with this and what kind of
results they had
Thanks
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